v3.25.4
Accrued Expenses and Other Liabilities (Tables)
 12 Months Ended
Dec. 31, 2025
Accrued Expenses and Other Liabilities [Abstract]  
Accrued Expenses and Other Liabilities

The liabilities comprising “Accrued expenses and other liabilities” as of December 31, 2025 and December 31, 2024 are summarized in the following table (dollars in thousands):

Accrued Expenses and Other Liabilities

 
December 31, 2025
    
December 31, 2024
  
Accrued interest on repurchase agreements
  $
 3,526     $
 4,101  
Accrued interest on notes payable
  

1,489
    

1,701
  
Accrued expenses
    
2,097
      
3,079
  
Due to counterparties (A)
    4,327       9,309  
Total accrued expenses and other liabilities
  
$
11,439
    
$
18,190
  

(A) Includes collateral for the Company’s borrowings that represents a payable to the counterparties as of the balance sheet date.